Let The Beat Build Inc

EIN: 920944257 501(c)(3)

Irving, TX

Total Revenue
$340,557
Total Expenses
$336,437
Total Assets
$7,559
Net Assets
$7,559
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
TX
Principal Officer
Hebberto R Lopez
Phone
8175288684
Tax Period
2024-01-01 to 2024-12-31

Let The Beat Build Inc, founded in 2022, is a small nonprofit that reported $341K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

To enhance emotional wellness through the power of music creation offering cuttingedge music technology and therapeutic experience

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $340,557
Investment Income $0
Other Revenue $0
TOTAL REVENUE $340,557

Expense Breakdown

Grants Paid $0
Salaries & Benefits $249,245
Fundraising Expenses $0
Program Expenses $333,000
Other Expenses $87,192
TOTAL EXPENSES $336,437

Year-over-Year Comparison

2024 2023 Change
Revenue $340,557 $248,789 +0.4%
Expenses $336,437 $238,535 +0.4%
Net Income $4,120 $10,254 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
N/A
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN K ALLEN Director 30.00
Director
$0 $0 $0
HEBBERTO R LOPEZ Director 30.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $340,557 $336,437 $7,559 $4,120
2023 $248,789 $238,535 $10,734 $10,254
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